While that’s an expensive deal out of context, that cap hit is quite the steal if Giordano remains one of the best defensemen in the NHL, which was absolutely a fair label for the veteran in 2014-15 before his season was cut short by injury.

(Really, you couldn’t hear Norris talk around awards season without “it would have been Giordano if he didn’t get hurt” …)

Here’s one additional detail about the contract, via General Fanager:

One more update on Giordano extension: full NTC for first 4 years, modified NTC (10 team excluded) in final 2 years.
http://t.co/j80C6BnFP5

Now, this does leave a few questions. Is someone like Dennis Wideman going to be the odd man out? Will this make it more difficult to re-sign the fantastic trio of Jiri Hudler (UFA), Johnny Gaudreau (RFA) and Sean Monahan (RFA) after 2015-16?

You really have to strain to see the downside for the Flames, however, as this is a bargain by expensive, high-end defensemen terms.

The genuine worry is age. Giordano is 31, he’ll turn 32 in October and will be 33 around the time his next contact kicks in.

With that “price of doing business” concern out of the way, it’s ultimately a pretty fantastic deal for the Flames.

After a great ’14-15 campaign in which they exceeded all expectations, the Flames had themselves an equally successful summer. GM Brad Treliving struck the perfect chord of adding to his upstart team without sacrificing youth or prospects; Dougie Hamilton came aboard at the expense of three draft picks while Michael Frolik joined in free agency, much like Karri Ramo, who was brought back to recreate last year’s successful goalie tandem with Jonas Hiller.

The Flames didn’t lose much, either.

Spare veteran parts like Raphael Diaz, David Schlemko and Brian McGrattan walked in free agency, and with good reason; the postseason emergence of youngsters like Micheal Ferland, Sam Bennett and Tyler Wotherspoon made the older guys expendable.

The real excitement in Calgary, though, is the prospect of putting everything together. Up front, the dynamic trio of Johnny Gaudreau-Sean Monahan-Jiri Hudler will be back for another go-round, only this time they’ll have depth behind them: Frolik, a full season of Bennett, a full season of Mikael Backlund (remember, he missed 30 games last season) and a real wildcard in Ferland, who showed flashes of being a havoc-wreaking power forward in the playoffs.

On defense? Imagine if that all comes together too. Adding Hamilton, getting Giordano back, building off the excellent playoffs from T.J. Brodie, Dennis Wideman and Kris Russell — the Flames could have one of the better bluelines in the Western Conference.

So yes, Calgary certainly has momentum heading into ’15-16, but momentum can be a fickle thing. Especially when you’re trying to carry it from one year to the next.

What the Flames won’t have going for them is the element of surprise. It’s fair to say they snuck up on some few opponents last year, especially during their 17-8-2 start, but that’s unlikely to happen again. They’re a tough out, and the rest of the NHL now knows it. Upon being introduced to the Calgary media in July, Frolik, the former Winnipeg Jet, acknowledged part of his reason for signing in Calgary was recognizing how good the team was — and will be.

“With me and Dougie, I think that [expectations are] just going to be higher and higher,” he explained, per the Herald. “With what the guys did last year, the goal is for sure to make the playoffs.”

Calgary will also likely need to improve on its puck possession and shot-based metrics — we touched on that earlier today — but those improvements have a good chance of happening thanks to the new roster additions, and the maturation of incumbent youngsters.

Put it all together, and it’s easy to see why the organization’s already thinking about another boisterous postseason in front of the Sea of Red.

“Players want to be in a good situation, they want to have a chance to win,” Treliving said. “In the playoffs, seeing the atmosphere in the building, seeing this city come alive, seeing the support and the passion that our fans have, makes players excited.”

That’s what d-man Dougie Hamilton faces this season, his first in Calgary, after this summer’s blockbuster move from Boston and his subsequent contract — all six years and $34.5 million of it.

“I think the expectations are going to be higher,” Hamilton admitted earlier this summer, per the Calgary Sun. “But I think in Boston there’s a lot of scrutiny from fans and expectations for me when I came in, being a top-10 pick.

“I think I handled that fine and think it’ll be the same here, just have fun and play my game.”

Though the Flames and GM Brad Treliving have been quick to classify the 22-year-old Hamilton as an “emerging talent” and remind everyone he’s still young, there will be pressure on Hamilton produce, probably more than the 10 goals and 42 points he notched in Boston last year (which, by most measures, was a pretty productive season.)

There’s also that price tag.

At $5.75 million, Hamilton will be the highest-paid Flame — at least in terms of cap hit — next season. That’s ahead of a slew of older, more experienced veterans, including captain and team leader Mark Giordano (who, it must be mentioned, needs a new deal himself) and last year’s leading scorer, Jiri Hudler.

As for other challenges? Oh, you know: Develop rapport with a different defensive partner, get comfortable in new surroundings, make the switch from Eastern to Western Conference and establish a relationship with a fairly demanding head coach. Stuff that most veteran players would find overwhelming, let alone a guy with less than 200 NHL games on his resume.

Which is probably why Hamilton, like Treliving, also trying to temper expectations.

“You can’t really put too much pressure on yourself, better to just do your best and try to be as consistent as you can,” he explained. “It’s interesting. I’m still 22 and there’s a long future ahead, so I think there’s a lot of development.

“I think I have that ceiling that hasn’t been hit and hopefully do my best to reach my potential.”

Throughout the month of August, PHT will be dedicating a day to all 30 NHL clubs. Today’s team? The Calgary Flames.

Calgary’s 2014-15 campaign could be summed up with one word:

Overachieving.

Heading into the season with low expectations and riding a five-year playoff drought, the Flames surprised everyone not just by making the postseason — squeezing out the defending Stanley Cup champion Kings in the process — but also winning their first series in 11 years. Impressively, Calgary did this without the services of captain and top defenseman Mark Giordano, who was lost for the year in late February with a torn biceps.

Individuals exceeded expectations as well.

Bob Hartley, in the last year of his contract, earned himself a two-year extension and then won the Jack Adams as coach of the year. Jiri Hudler smashed his career-high in points, with 76, and went on to capture the Lady Byng. Johnny Gaudreau, who wasn’t even on Bovada’s preseason list of Calder favorites, finished as one of three finalists for rookie of the year.

So, needless to say… it was a pretty stellar year in Cowtown.

Off-season recap

GM Brad Treliving’s second summer in Calgary was by far his most exciting. His boldest move, no question, was orchestrating the blockbuster deal that saw ex-Bruin Dougie Hamilton come aboard for a package of draft picks; Treliving then wasted little time locking up the 22-year-old blueliner, inking him to a six-year, $34.5 million deal.

In free agency, Treliving continued to make significant moves. Former Winnipeg forward Michael Frolik was brought aboard for five years at $21.5 million, and the club opted to bring back goalie Karri Ramo for another year in tandem with Jonas Hiller.

The Flames also re-upped with a few of their quality RFAs — Mikael Backlund, Lance Bouma, Josh Jooris, Paul Byron — and might’ve scored the steal of the draft when Swedish d-man Oliver Kylington, who some had pegged as a potential first-rounder, slipped to them at No. 60.

That reported $2.2 million cap hit doesn’t sting too badly next season – General Fanager pegs the Flames’ cap room at about $4 million after the signing – but it might become regrettable once Calgary really fires up negotiations with players on expiring contracts.

Just look at the most noteworthy contributors who only have one year left on their current deals:

Top UFAs after 2015-16

Mark Giordano
Jiri Hudler
Kris Russell
Jonas Hiller
Karri Ramo

Top RFAs after 2015-16

Johnny Gaudreau
Sean Monahan

Yikes.

Even pondering the savings they’d potentially enjoy from switching up goalies – Hiller and Ramo are a tough investment at a combined $8.3 million cap hit – that’s a formidable set of negotiations for the franchise.

Bouma, 25, brings energy and hustle to the table, yet many probably hoped that the Flames would save a little money on a player who isn’t expected to light up the scoreboard.